How much direct materials cost was incurred in producing
Finished goods inventory is $189,000. If overhead applied to these goods is $75,000, and the overhead rate is 120% of direct labor, how much direct materials cost was incurred in producing the inventory?
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The Norman Company has just signed a capital lease contract for equipment that requires annual lease payments of $5,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 14%. What is the present value of the lease
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